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Portfolio Manager

Micro-Degree

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Deep dive into the portfolio management process & earn your certification with new topics on the latest trends in ESG, active vs passive investing, and more!

New content – discover our expert interview with a wealth manager!

Buy 2, Get 40% Off!
Use coupon 2MD4LESS - see courses

£699 (Inc Tax)

Add to Cart

30-Day Money-Back Guarantee T&C apply

3000+ students enrolled

67.5

Hours

Topics

331

Practical exercises

Direct instructor help

Micro-Degree

Lifetime access

Rated 4.2 From
1934 Reviews

Deep dive into the portfolio management process & earn your certification with new topics on the latest trends in ESG, active vs passive investing, and more!

New content – discover our expert interview with a wealth manager!

Buy 2, Get 40% Off!
Use coupon 2MD4LESS - see courses

£699 (Inc Tax)

Add to Cart

30-Day Money-Back Guarantee T&C apply

3000+ students enrolled

The Portfolio Manager includes

New - Portfolio Manager Expert Interview

4.2 STARS

About

Curious to know what it’s really like to work in portfolio management? Get the answer to this and many more questions in our new expert interview with wealth manager, John Correia!

Completion time

10 Minutes

Level

Completion Certificate

About

Curious to know what it’s really like to work in portfolio management? Get the answer to this and many more questions in our new expert interview with wealth manager, John Correia!

Completion time

10 Minutes

Level

Completion Certificate

Module

Video Minutes

Excel Exercises

Portfolio Manager Expert Interview

Video minutes10

Excel Exercises0

Meet a portfolio manager
How did you begin your career
Main responsibilities and skills
Why portfolio management
Challenges of working in portfolio management
and more!

The Investment Management Industry

4.2 STARS

About

Discover all aspects of the asset management industry, key players, regulatory considerations, and develop an understanding of a client’s investment objectives.

Completion time

1 Hour

Level

Skills Certificate

About

Discover all aspects of the asset management industry, key players, regulatory considerations, and develop an understanding of a client’s investment objectives.

Completion time

1 Hour

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Intro to Asset Management

Video minutes27

Excel Exercises0

How the investment management process works
Asset classes (cash, debt, equity, and alternatives)
Types of investors
Wealth management and more!

Investors, Institutional and Retail

Video minutes9

Excel Exercises0

Retail investors vs institutional investors
Pension funds
Insurance companies
Endowments
Sovereign wealth funds
Types of retail investors

The Investment Policy Statement

Video minutes6

Excel Exercises0

Purpose of the Investment Policy Statement
Objectives: risk and return
Liquidity constraint
Time Horizon constraint
Tax Status, Legal and Regulatory constraint

US Regulatory Considerations

Video minutes17

Excel Exercises0

Fiduciary responsibilities
ERISA
UPMIFA
Regulatory agencies – SEC
Regulatory agencies – FINRA
Regulatory agencies – state agencies

Economic Analysis & Asset Allocation

4.2 STARS

About

Assess the impact of the economy, business cycle, central banks, regulation, and general market trends on investment decisions. Learn the key aspects of portfolio theory, investment exposure, measures, benchmarks, analysis, and behavioral factors.

Completion time

4.5 Hours

Level

Skills Certificate

About

Completion time

4.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Monetary Systems

Video minutes20

Excel Exercises4

Role of Central Banks
Monetary Policy
Fiscal Policy

Understanding Economic Cycles

Video minutes20

Excel Exercises0

Global Economics – Trade Advantages
Global Economics – Balance of Payments
Stages of the Business Cycle

Macroeconomic Indicators

Video minutes20

Excel Exercises0

Leading Indicators
Coincident Indicators
Lagging Indicators
Price Level Indicators

Portfolio Risk

Video minutes12

Excel Exercises0

Types of Risk

Portfolio Risk and Return

Video minutes52

Excel Exercises3

Portfolio Risk Measures (recap)
Measuring Risk and Beta
Covariance and Correlation
Benefits of Diversification

Modern Portfolio Theory

Video minutes58

Excel Exercises4

Modern Portfolio Theory
Capital Asset Pricing Model
Security Market Line
Black-Litterman Model
Robust Optimization
Arbitrage Pricing Theory

Behavioral Finance

Video minutes10

Excel Exercises0

Introduction to Behavioral Finance
Heuristic-driven biases
Frame dependence

Goals Based Investing

Video minutes14

Excel Exercises1

Purpose of goals based investing
How does goals based investing work
Practical example goals based investing
Comparison with traditional approach

Security Selection

4.2 STARS

About

Identify the techniques that can be used to analyze and value individual stocks. Explore traditional and exotic equity investment options, and the opportunities offered by different products.

Completion time

7.5 Hours

Level

Skills Certificate

About

Identify the techniques that can be used to analyze and value individual stocks. Explore traditional and exotic equity investment options, and the opportunities offered by different products.

Completion time

7.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Overview - Active vs Passive Investing

Video minutes23

Excel Exercises2

Active vs Passive Investing
Identifying closet index funds
Active Investing

Index Investing

Video minutes37

Excel Exercises1

What is an index?
Index construction methodologies
How indexes are used
The role of the index provider
Benefits of index investing
How to construct an index portfolio

Equity Investment Vehicles

Video minutes14

Excel Exercises0

Mutual Funds
ETFs
Other Equity Investment Vehicles

Equity - Investment Characteristics

Video minutes26

Excel Exercises0

Common stock
Preferred securities
Convertible bonds
Indices
Exchange Traded Funds
Equity multiples
Enterprise multiples

Market Sectors

Video minutes7

Excel Exercises0

Market sector classifications
Industrial vs financial sectors

Equity - Emerging Markets

Video minutes9

Excel Exercises0

Overview of emerging markets
Definition of emerging markets
Emerging markets and growth
Emerging markets and risk

Fixed Income Portfolio Management

126

Video minutes126

Excel Exercises9

Active vs passive fixed income portfolio management
Macaulay and modified duration
Convexity
DV01
Liability driven investing
Cash flow matching and more!

Alternative Investments

Video minutes37

Excel Exercises0

Alternative vs traditional asset classes
Hedge funds
Private equity
Commodities
Real estate
Foreign exchange

Technical Analysis

Video minutes8

Excel Exercises0

Introduction to technical analysis
Trend analysis
Support and resistance

ESG Investing

Video minutes47

Excel Exercises4

Introduction to ESG
Materiality
Benchmarking Analysis
Environmental, Social and Governance Metrics
Scenario Analysis

The Accountant

4.4 STARS

About

Quickly and confidently interpret financial data and statements, evaluate them and use the calculated information to build high-quality reports. Real company data and the latest rules are covered to ensure the methods used and skills developed are immediately applicable in the workplace.

Completion time

13 Hours

Level

Skills Certificate

About

Completion time

13 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Financial Accounting Review

Video minutes33

Excel Exercises3

Making entries and ensuring the balance sheet balances
Preparing a balance sheet
Preparing an income statement from the entries to retained earnings
Preparing a cash flow statement from the entries to the cash account
A review of the different categorizations on the income statement, balance sheet, and the cash flow statement

Income Statements

Video minutes61

Excel Exercises15

Revenue recognition issues
Cost recognition issues
Identifying non-recurring items from the income statement, the MD&A, the notes to the accounts and the financial statement press release
Calculating EBIT and EBITDA for the historical year, and on an LTM basis

Earnings Per Share

Video minutes27

Excel Exercises11

Basic EPS calculations including weighted average shares
Dilutive securities: options (treasury method) and convertibles (as if converted)
Calculating recurring EPS

Working Capital

Video minutes56

Excel Exercises12

Inventory accounting including the impact on EBIT of LIFO and FIFO accounting choices (where relevant)
Accounts receivable and bad debts (identifying when companies are manipulating sales)
Accounts payable and accruals and the difference between them from a due diligence perspective
Other items including taxes payable, deferred revenue, and pre-paid items
Working capital and operating working capital and the cash impact of changes in operating working capital
Credit implications of working capital movements
Day ratios

Non-Current Assets

Video minutes39

Excel Exercises11

Gross PP&E, accumulated depreciation, depreciation expense and net PP&E
Building a simple forecast of fixed assets
Establishing the age of a company’s fixed asset base
Finite, and infinite intangibles including goodwill
A review of key methods of accounting for financial investments
At fair value through the income statement
Available for sale
Associate (equity method) accounting

Capital Structure

Video minutes50

Excel Exercises14

Debt issues and repurchases
Simple yield to maturity and all in cost calculations and understanding Original Issuer Discounts
Calculating net debt
Equity issuance and repurchases
The difference between authorized, issued and outstanding shares and multiple share classes
Other capital items: preference shares and convertible bonds
Leverage ratios
Debt liability maturity analysis

Accounting Ratios

Video minutes41

Excel Exercises5

Profitability ratios, including margins
Liquidity ratios, including operating working capital
EBIT and EBITDA for the historical year, and on an LTM basis
Leverage ratios, including net debt and interest coverage
Asset ratios

Cash Flow Statements

Video minutes25

Excel Exercises3

Understanding how to categorize cash flows between operating, investing, and financing
Deriving a cash flow statement from two balance sheets and an income statement
Deriving a balance sheet from a cash flow statement and an income statement
Different cash flow statement presentations

Equity Method Investments

Video minutes9

Excel Exercises5

What are equity method investments?
- Equity affiliates/associates
- Joint ventures
Equity method accounting
- Income statement
- Balance sheet
- Cash flow statement
- Financial statement integration

Intro to Full Consolidation

Video minutes68

Excel Exercises21

M&A accounting overview
Balance sheet consolidation
Sources and uses of funds
Goodwill calculation
Income statement consolidation
Non controlling interests – NCI

The Modeler

4.6 STARS

About

Financial modeling is one of the most useful skills in the world of finance. Knowing how to build models quickly and error-free is critical for the decisions and recommendations that they underpin. Our online financial modeling course provides the perfect introduction to building models, developing multiple techniques for a comprehensive and practical understanding of the topic.

Completion time

12 Hours

Level

Skills Certificate

About

Completion time

12 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Introduction to Modeling

Video minutes55

Excel Exercises13

Key settings
Formatting and layout standards
Building a simple income statement and balance sheet model, on one sheet, then across sheets
Balancing the balance sheet using the cash flow statement
Preparing the model for handover
Key formatting and putting the output into a pitch book

Three Statement Modeling with Iterations

Video minutes77

Excel Exercises10

Income statement construction and highlighting key numbers
Calculation schedules (PP&E, retained earnings, operating working capital, and debt)
Balancing the balance sheet with a cash sweep
Calculating interest using average balances
Circular references and iterations
Working with a circular reference switch
Preparing the model for handover
Key formatting and putting the output into a pitch book

Three Statement Model Editing

Video minutes44

Excel Exercises6

Steps before editing
Inserting a new item
Removing an old item
After editing
Relevant keyboard shortcut keys

Three Statement Model With Estimates

Video minutes70

Excel Exercises12

Cleaning up the income statement and balance sheet and simplifying the line items
Getting estimates for revenues and EBIT
Building multiple scenarios into a model’s assumption
Modeling a forecast debt repayment schedule from the notes
Key ratios
Checking the model for reasonableness
Formatting and putting the output into a pitch book

Building a Model with Cash Sweep

Video minutes71

Excel Exercises19

Why banks want to be repaid early
Cash sweep mechanisms
How to model cash sweeps
Building a three statement model with a cash sweep

Checking a Model for Integrity and Errors

Video minutes36

Excel Exercises11

Top ten errors
Auditing and error checking toolkit
Checking your own model
Checking someone else’s model

The Valuer

4.5 STARS

About

Learn how and when to utilize key valuation methodologies and their supporting calculations.

Completion time

12 Hours

Level

Skills Certificate

About

Learn how and when to utilize key valuation methodologies and their supporting calculations.

Completion time

12 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Equity to Enterprise Value Bridge

Video minutes33

Excel Exercises8

Calculating equity value
Calculating enterprise value
Non-core items, debt equivalent items, and non-controlling interests
Calculating simple multiples
Illustrating the impact of leverage
Understand how growth rates, returns and multiples interrelate

Trading Comparables

Video minutes69

Excel Exercises17

Review choosing a comparable set of companies
Calculating enterprise value
Calculating LTM EBITDA and EBIT
Forward multiples and issues with consensus data
Understanding which operational ratios are important for the analysis

Transaction Comparables

Video minutes30

Excel Exercises11

Reviewing data sources
Understanding different deal contexts
Calculating enterprise value and LTM EBITDA
Calculating premiums paid based on offer prices where appropriate
Calculating the synergies from the transactions as a % of target sales

WACC Analysis

Video minutes27

Excel Exercises8

Capital Asset Pricing Model
Calculating the WACC for the peer group
Interpreting the results
Establish a reasonable cost of capital for the target company
WACC approach

Discounted Cash Flow Valuation

Video minutes50

Excel Exercises14

Calculating free cash flows
Understanding how the operational ratios should develop over the financial forecast
Calculating the steady state and making relevant adjustments to the steady state cash flows
Making reasonable assumptions for long-term growth rates
Discounting to a deal date
Converting the enterprise value into an implied share price, making relevant adjustments for share options and restricted stock units

Pulling the Analysis Together

Video minutes43

Excel Exercises13

Reviewing different valuation methods
Preparing valuation ranges for each valuation method
Summarizing the valuation ranges and interpreting the results

The Equities Trader

4.2 STARS

About

Learn all aspects of equity sales and trading at an investment bank and utilize practical skills from day one.

Completion time

8 Hours

Level

Skills Certificate

About

Learn all aspects of equity sales and trading at an investment bank and utilize practical skills from day one.

Completion time

8 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Equity to Enterprise Value Bridge

Video minutes33

Excel Exercises8

Calculating equity value
Calculating enterprise value
Non-core items, debt equivalent items, and non-controlling interests
Calculating simple multiples
Illustrating the impact of leverage
Understand how growth rates, returns and multiples interrelate

Equities Markets and Products

Video minutes34

Excel Exercises8

Cash equities
Different exchanges
Initial public offerings
Role of ECM versus trading desk

Special Situations

Video minutes92

Excel Exercises6

Equity events: spin offs, share repurchases, asset sales
Fixed income events: debt restructuring, distressed debt
Private situations

Equity Derivatives

Video minutes63

Excel Exercises13

Options, forwards, and futures
Asset swaps
Structured products
Hedging

The FICC Trader

4.2 STARS

About

Learn all aspects of fixed income, currencies and commodities sales and trading at an investment bank.

Completion time

5.5 Hours

Level

Skills Certificate

About

Learn all aspects of fixed income, currencies and commodities sales and trading at an investment bank.

Completion time

5.5 Hours

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Rates Markets and Products

Video minutes39

Excel Exercises5

US government bond market including TIPS and zero coupons
European government bond market including index linked Gilts, Gilt strips, and other inflation-linked bonds (e.g. Germany)
Asian government bond market including JGBi
Yield curve
Central bank activity and impact to capital markets

Credit Markets and Products

Video minutes41

Excel Exercises9

Credit ratings
Credit spreads and implied risk premia
US corporate bond market
European corporate bond market
Bonds with specialist including puttable, callable, contingent capital (coco), CLOs, CDOs, convertibles, and exchangables
Bank loans
Calculating bond yields
Calculating bond prices
Role of DCM versus the trading desk

FX and Commodities

Video minutes19

Excel Exercises0

FX definitions and quote methodology
FX spot market
Cross rates
Commodity markets

Fixed Income Derivatives

Video minutes35

Excel Exercises8

Options, forwards, and futures
Interest rate swaps
Swaptions
Credit default swaps and credit default indices
FX and commodity derivatives
Structured products

Collateral Management

Video minutes33

Excel Exercises5

What is collateral?
Types of collateral
Credit risk
Centralized clearing

Performance Measurement

4.2 STARS

About

Learn how to build more efficient and resilient portfolios by measuring the returns and risks in a portfolio. Consider how the performance of portfolio managers is assessed, and the ways in which various divers of performance can be identified.

Completion time

1 Hour

Level

Skills Certificate

About

Completion time

1 Hour

Level

Skills Certificate

Module

Video Minutes

Excel Exercises

Portfolio Performance

Video minutes12

Excel Exercises0

Components of return
Absolute and relative performance
Rolling returns
Time-weighted and dollar-weighted returns

Benchmarks

Video minutes7

Excel Exercises0

Introduction to benchmarks
Properties of a valid benchmark
Types of benchmarks

Equity Indices

Video minutes12

Excel Exercises0

Introduction to equity indices
Types of indices
Market value weighted
Price weighted
Equal weighted
Fundamentally weighted

Risk Adjusted Measures

Video minutes10

Excel Exercises0

Alpha
Sharpe Ratio
Treynor Ratio
Information Ratio

Attribution

Video minutes11

Excel Exercises0

Allocation effect
Selection effect
Interaction effect
Factor tilt attribution

Get Certification Recognized on Wall Street

Upgrade your résumé with certification recognized by the top 4 investment banks.

Our exams are similar to assessments at the top firms. This means they are going to challenge you. Our online courses will teach you everything you need to know to succeed.
The Portfolio Manager is made up of 8 online courses. Pass each one to unlock your 2 micro- degree’s. Your Portfolio Management Certification can easily be added to LinkedIn, demonstrating your achievement which will be recognized by the most prestigious firms on Wall Street.

Certification Discover our prestigious alumni on LinkedIn

THIS MICRO-DEGREE HAS BEEN REVIEWED BY

Colin Evans

Managing Director at J.P. Morgan

Colin Evans is a Managing Director at J.P. Morgan and leads the financial institutions coverage team globally for Corporate Banking

Dr. Bridget Lyons

Professor of Finance

Professor of Finance at the Jack Welch College of Business at Sacred Heart University and Associate Instructor

Chris Bishko

CFO

CFO with over 25 years experience as an operator, investor and investment banker in technology and financial services.

LOOKING FOR A JOB AT A TOP FIRM?

We can pass successful candidate details to recruiters at the most prestigious financial institutions. Make sure you opt-in when submitting your feedback after completing your course.

Our Alumni

DEMONSTRATE YOU'RE AS GOOD AS THE BEST

By completing our portfolio management certification, you will be able to join our prestigious alumni on LinkedIn alongside hires at the top 4 investment banks. After becoming a member of this elite community, you can unlock exclusive benefits such as course discounts and more.

Explore our Alumni

testimonials

what our students say

Individuals

Julian Santibanez

The Accountant

The Accountant package offered by Financial Edge is a stepping stone at understanding the logic behind investment banking operations.

Corporate clients

Summer Intern 2020

The Modeler

The Modeler by Financial Edge gives the student an opportunity to learn hands-on experience in financial modeling. From short cuts and revision techniques to Three Model Statement creation. Certainly an insightful experience.

Frequently Asked Questions

What tech do I need?

Access your course across desktop, laptop, tablet or phone; either via our web portal or the dedicated mobile app. While we have optimized our video quality and size, we recommend a broadband connection to enable uninterrupted video playback. A PDF reader and spreadsheet application are required to open the supporting resources.

Is it right for me?

The Portfolio Manager certification is designed for those currently working in and/or seeking to break into the asset management industry with the ultimate goal of becoming a portfolio manager. This comprehensive course covers both the fundamentals of the buy-side and advanced portfolio construction.

Are Financial Edge's courses credible?

The 4 leading investment banks, as rated by the FT, hire us to train their incoming analysts. If you are looking to join the best analysts in the world, why not challenge yourself with the same content and certification with the same Wall Street instructors ready to answer your questions.

Will The Portfolio Manager help me get a job at an Investment Bank?

Absolutely. Develop practical skills you can use to impress at interviews, whether you’re looking to break into finance or change roles.

How long do I have to complete the portfolio management course?

We offer lifetime access on all online courses! Fit studying around your schedule. Learn at your own pace with on-demand video, practical examples to download and expert instructor support.

Are there any hidden costs?

No. Everything you need to earn your micro-degree is included, from instructor-led videos and Excel exercises to the exam.

What is CPD?

All Financial Edge online courses are CPD accredited. CPD stands for Continuing Professional Development and makes demonstrating your commitment to learning easy. Your institution or accrediting body may track CDP points through activities, units or hours. Check with the relevant party to find out how you should be monitoring your progress.